29/11/2024 09:00

Pilbara Minerals Ltd (PLS) $2.39

We discussed PLS in Shawn Trading Ideas on Monday. After dropping another 8.4% this week, our target area is coming into view faster than many thought likely.

Read more

25/11/2024 09:27

Shawn’s Trading Ideas

This trade is preparing for the “what if”; PLS looks and feels wrong at the moment, and after plunging 56c/17.7% last week, nothing can be ruled out.

Read more

20/11/2024 09:32

Pilbara Minerals (PLS) $2.93

PLS fell another 5.2% on Tuesday as lithium/ESG stocks struggled on a strong day for markets, with two factors pulling the sector in opposing directions:

Read more

31/10/2024 09:13

Pilbara Minerals Ltd (PLS) $2.88

Earlier this month, we said, “We will consider PLS if it tests $2 over the coming months; considering the current downside momentum, it is not out of the question.

Read more

10/10/2024 09:05

Pilbara Minerals Ltd (PLS) $2.85

Scratching our PLS position in June around $3.50 has so far proved prudent. This doesn’t mean we don’t like the Li producer; it's priced for a recovery in the Li price, which weighs on the risk/reward, in our opinion.

Read more

04/10/2024 09:15

Pilbara Minerals Ltd (PLS) $3.15

On Wednesday night, brokers at Morgan Stanley and Bank of America were looking for buyers for a ~$270mn block of Pilbara (PLS); the trade was done at a 4 per cent discount to the $3.31 close, with the stock slipping a few cents since

Read more

04/09/2024 09:04

Pilbara Minerals Ltd (PLS) $2.75

The lithium (Li) space has endured an awful time since early 2023, wiping out most of the gains since COVID. Good old-fashioned supply and demand have smashed the price of Li by around 90%, and although the exact pricing is a touch opaque, the trend is most definitely not. Over the last few months alone, we’ve witnessed prices drop another ~30%, posting multi-year lows in the process.

Read more

26/08/2024 17:44

Pilbara Minerals (PLS) $3.02

PLS +1.34%: It’s been a tough couple of years for PLS, however they continue to show discipline around costs and future development given the weak pricing environment for Lithium.

Read more

02/08/2024 09:15

Pilbara Minerals Ltd (PLS) $3.06

PLS remains the most shorted stock in the ASX200, with over 21% of its stock held short. This has been a great win for traders who have ridden the Li producer lower over recent years. To put things into perspective, the 2nd largest short is EDP Education (IEL), and it's only carrying a 12.5% short position. In the short-term, the supply side of the Li equation is clearly winning, and longer-term plans from the likes of Zijin Mining's Manono could solve any potential 2030 deficit, i.e. expectations of a significant bounce from today's depressed levels may disappoint.

Read more

03/07/2024 09:19

Lithium

According to S&P Global Patts, Spodumene slipped below $1000/MT this week for the first time since March, around 88% below its 2022 high. As subscribers know, the weakening demand for EVs and the increasing supply has weighed on the chemical (LI), dragging stocks along for the ride.

Read more